FTSE 100 surges towards record 7,000 highs as Brexit boom continues

BRITAIN'S top stock index jumped again during Monday morning trading, reaching towards its highest ever levels, as investor confidence continues to surge following vote to leave the European Union (EU).

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Today's jump by the FTSE 100 comes after Japan revealed overnight that its economic growth has ground to a halt in the second qaurter of the year, raising hopes of yet more monetary action by another central bank.

Michael Hewson, chief market analyst at CMC Markets UK, said: "Following on from last week’s disappointing US and Chinese data and it would appear that the global economy slowed down quite markedly in the second quarter.

"The pound has had a torrid time of it over the last few days and weeks, and has remained under pressure, falling sharply for the second week in succession as Bank of England policymakers continue to talk of easing measures before the end of the year.

"Andrew Haldane, the Bank of England’s chief economist became the latest policymaker to justify the banks recent intervention, saying that the decision to embark on further easing was an easy one as jobs and growth should come first, despite concerns about widening pensions deficits."